Real Assets
The proposed transaction is expected to be finalized next month.
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The retirement system will soon begin filling out its maiden 5% infrastructure target.
The pension fund will interview four finalists apiece in respective private debt and data-center-focused real estate searches in the coming months.
The pension plan hired two infrastructure managers as the result of a newly approved asset allocation policy in the second quarter.
The commitments include three new manager relationships for the retirement system.
The oversubscribed fund achieved its hard cap of 300 million.
The plan received an infrastructure search report that included two candidates at today’s meeting.
The retirement system made infrastructure and private equity commitments totaling $295 million last week.
The commitments include two new manager relationships for the council.